Baku 20° C
Azerbaijani oil price up by over 9%
Energy
- 03 March, 2026
- 09:47
Add Report.az to preferred Google sources
Stay up to date with the top news!
The price of Azerbaijan's Azeri LT CIF oil in the world market increased by $6.85, or 9.41%, to $79.6 per barrel, Report informs.
May futures for Brent crude were traded at $77.82 per barrel.
The price of a barrel of Azerbaijani oil of the Azeri LT CIF on Free on Board (FOB) basis at Türkiye's Ceyhan port rose by $6.69 or 9.54%, amounting to $76.79.
The average oil price in Azerbaijan's state budget for 2026 was set at $65 per barrel.
The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008.
Author
Latest News
13:21
Azerbaijan, NATO mull co-op prospects within Partnership for Peace program
Foreign policy
13:06
Azerbaijan, India mull transport corridors situation in South Caucasus
Other
12:56
Shlapachenko: Azerbaijan demonstrates readiness to participate in addressing global issues
Foreign policy
12:51
Baku to host seventh World Forum on Intercultural Dialogue
Cultural policy
12:38
Baku Metro lays 63 meters of tunnel for Red and Green lines separation project
Infrastructure
12:32
Azerbaijan tightens corporate liability for terrorism financing
Milli Majlis
12:32
Full commissioning of Baku Metro's 20 Sentyabr station scheduled for mid-next year
Infrastructure
12:27
Azerbaijan weather forecast for October 24
Ecology
12:19
AzerGold plans to invest at least $100 million in Uzbek gold project
Industry